SALT deduction

Rep. George Santos' first bill in Congress aims to boost the deduction from $10,000 to $50,000.

Highlights from the former president's returns for 2015 to 2020, from write-offs to the SALT deduction and more.

The California Small Business Relief Act established the tax credit, largely in reaction to the $10,000 limit on the state and local tax deduction under the Tax Cuts and Jobs Act.

The Empire State is expanding a tax break that allows smaller companies to circumvent the $10,000 limit on state and local tax deductions.

House Democrats who had threatened to block President Biden's tax and climate plan unless it also expanded the deduction for state and local taxes are signaling they'll back the legislation.

Senator Joe Manchin and Majority Leader Chuck Schumer have struck a deal on a tax, energy and climate bill, breaking a deadlock on the Democrats’ long-sought legislation to enact major parts of President Joe Biden’s agenda.

The West Virginia senator opposes changes to the state and local tax deduction.

Lawmakers introduced two bills that would affect the Child Tax Credit, the Lifetime Learning Credit and marijuana taxes.

The state and local tax deduction issue threatens to spark a showdown among Democrats as high-stakes Senate talks inch closer to a deal on President Biden’s economic agenda.

Congress has returned from recess this week to a packed agenda and not much time before their scheduled summer recess.